Penn State board fires coach Paterno and school president

Penn State students stand outside the Old Main building on campus protesting the handling of a child abuse scandal involving a retired Penn State assistant football coach, in State College, Pa., Nov. 9, 2011.

AP reports:

STATE COLLEGE, Pa. - Penn State trustees fired football coach Joe Paterno and university president Graham Spanier amid the growing furor over how the school handled sex abuse allegations against an assistant coach.

The massive shakeup Wednesday night came hours after Paterno announced that he planned to retire at the end of his 46th season.

But the outcry following the arrest of former assistant coach Jerry Sandusky on molestation charges proved too much for the board to ignore. Read the full story here.